Broker Tips
Broker tips: Pearson, Marston's, Unite
Education publisher Pearson was under the cosh on Wednesday after Berenberg downgraded its stance on the stock to ‘sell’ from ‘hold’, cutting its estimates to reflect the risk of severe disruption to college enrolments in 2020 and less favourable FX rates.
Pearson slumps on Berenberg downgrade
Education publisher Pearson was under the cosh on Wednesday after Berenberg downgraded its stance on the stock to ‘sell’ from ‘hold’, cutting its estimates to reflect the risk of severe disruption to college enrolments in 2020 and less favourable FX rates.
Wedneday broker round-up
Hurricane energy: Canaccord downgrades to speculative buy with a target price of 16p.
JPMorgan upgrades Unite, cites four reasons to buy
JPMorgan Cazenove upgraded its rating on shares of student accommodation provider Unite to ‘overweight’ from ‘neutral’ on Wednesday, highlighting four reasons to buy the stock.
Liberum bumps up Marston's price target on Carlsberg JV
Broker Liberum upped its price target on buy-rated Marston’s to 90p from 65p on Wednesday as it argued that the creation of a brewing joint venture with Carlsberg, announced last week, "solves several near-term issues and should continue to drive value over the medium to long term".